Monday, April 11, 2011

Quick Overview

  • (Bloomberg) -- All the soybeans in Iowa won’t be enough to meet the anticipated surge in China’s imports over the next four years as the nation feeds a record pig herd and drives bean prices to an all-time high.

  • Procter & Gamble (PG) raised the quarterly dividend by 9% to 52.5 cents

  • Two of the Fed's most powerful officials said the U.S. central bank should stick to its super-easy monetary policy, arguing inflation is not a threat and unemployment remains too high.
  • The Fed needs to keep an easy monetary policy in place while the government comes to grip with its debts, the IMF said.

  • PIMCO, the world's largest bond fund, has shifted to a short position in U.S. bonds

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